G.O.O.D (getting out of debt) October thread - Page 4 - Mothering Forums
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Frugality & Finances > G.O.O.D (getting out of debt) October thread
its_our_family's Avatar its_our_family 12:42 PM 11-09-2004
Cash system-- Right now we use it because the bank took our debit cards.

Did you know there is a federal law that you can only move money from savings to any other account 6 times a month?? We didn't. So, when dh lost his job and got the severance check I just transferred smal amounts in order to balance our budget the best. Well, we overdrafted once and the other 5 times it was me moving money to checking. Well, I went to move money again and it wouldn't do it. So, we overdrafted again (8x) and the money wouldn't transfer to the checking. So, we had to pay the overdraft (even though we had the money) fees plus they took our debit cards. Wea re now 10-12 hours from our credit union and because of the stupidity of another we have a mark on our bank record with "Checksystems" and we can't get a checking account anywhere. So, we have to do all our banking long distance!! I hae to drive 45 minutes away to get to a service ccenter for credit unions!

Now, a bit of excitement, dh has a job interview on wednesday at 1pm. It isn't the power plant job which is fine. Its an interview with a church (dh is a minister) and he thought he wanted to leave ministry but he realizes he really misses it. So, POSITIVE thoughts for tomorrow!!

More excitement, he called me yesterday during his break at work and said that he did a lot of thinking this weekend. He apologized for sometimes making me feel pressured into buying certain things and not just taking my word that we can't afford it. He made a commitment to me to be more trusting and more satisfied with the things we have.

I just wanted to cry

LambQueen's Avatar LambQueen 11:49 PM 11-10-2004
Hi - new here, and very interesting to read everyone's posts. I definitely recommend to get out of credit card debt first and foremost! Also, DH and I both have student loans, but mine are at a higher percentage rate due to when the loans came out, so we are paying that one down first, even though DH owes about $90,000 more than me in student loan debt.

I have been thinking about selling things on Ebay here and there...but I don't have a digital camera to post my photos. I feel like people are most interested in things only if they can see a picture of them.
newmainer's Avatar newmainer 01:37 PM 11-11-2004
Megan- we have been through that exact same thing!! Since dh is self-employed he has a business account and we ususally just bank online and transer money into our personal account. We've been "warned" several times about going over our limit. We have run out of our grace period and now we only have 2x a month. So, we are getting better about dh writing a paper check to me and then i deposit it. So sorry about your situation- that sucks!!

kerc- how i figured out our system is that ive been trackign our spending for several months, so I know what our committed expenses are and what we were spendign on everything else. "everything else" wasn't necessarily necessary items. I just bought them and hoped we could cover it (though they *seemed necessary*). If i could cut a lot of those expenses, we should be able to have a fairly sig. leftover amount to throw at cc. So i just decided, ok, $100 a week (avg.) for food, and $100 for everything else- mostly because i am trying to keep our overall monthly expenditures under a certain amount. Doing little things like putting that jacket on laywaway, or realizing that since I have a chiro appt. this week, we need to put off buying the xyz until next week. So far we have spent up to the last dollar of our $200 a week (but havent' gone over), but I am going to cut back $10 starting next week and see how we do.

I'm glad so many others are trying it!! Lets keep posting our tips.

Peppermint- thanks for the jacket offer. where do you live? since we're in Maine, it gets mighty cold here. I'm wondering if Carters jackets are made for single digits weather? I get so snobby about my outerwear. LMK 'cause i can get out of layaway- if you'll take less than $30
newmainer's Avatar newmainer 01:45 PM 11-11-2004
Peppermint's Avatar Peppermint 01:56 PM 11-11-2004
Quote:
Originally Posted by newmainer
Peppermint- thanks for the jacket offer. where do you live? since we're in Maine, it gets mighty cold here. I'm wondering if Carters jackets are made for single digits weather? I get so snobby about my outerwear. LMK 'cause i can get out of layaway- if you'll take less than $30

We live in Syracuse NY, the NY city with the highest snowfall last year, single digits are common, the coat is warm, I'll send it to you for shipping cost, I was going to donate it- what size? 2T, or 3T? PM me, ok?
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